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Shaurya Malwa Shaurya Malwa

Trader Warns of Correction as BTC Dominance Reaches 2021 Levels

“Ethereum continues to lose market share to bitcoin and other altcoins. As a result, BTC’s share of all cryptocurrency capitalization has risen to 57.3%, the highest since April 2021,” Alex Kuptsikevich, senior market analyst at FxPro told CoinDesk in an email. “But that doesn’t necessarily mean an upward trend for the top cryptocurrency, which has pulled back below $67K, losing 1% in the last day and nearly 4% from its peak on 21 October.

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Shaurya Malwa

https://www.coindesk.com/markets/2024/10/24/bitcoin-trader-warns-of-correction-as-btc-dominance-reaches-2021-levels-solana-leads-market-gains/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-10-24 08:42:25

bitcoin
Bitcoin (BTC) $ 67,024.96 1.13%
ethereum
Ethereum (ETH) $ 2,465.93 1.26%
tether
Tether (USDT) $ 0.998428 0.21%
bnb
BNB (BNB) $ 582.12 1.68%
solana
Solana (SOL) $ 166.58 4.27%
usd-coin
USDC (USDC) $ 0.999713 0.09%
xrp
XRP (XRP) $ 0.512241 2.60%
staked-ether
Lido Staked Ether (STETH) $ 2,464.97 1.26%
dogecoin
Dogecoin (DOGE) $ 0.133803 4.59%
tron
TRON (TRX) $ 0.164076 1.18%
the-open-network
Toncoin (TON) $ 4.93 3.51%
cardano
Cardano (ADA) $ 0.331987 3.28%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,906.54 1.52%
avalanche-2
Avalanche (AVAX) $ 25.45 3.46%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 4.81%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,901.92 1.19%
weth
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chainlink
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bitcoin-cash
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polkadot
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uniswap
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usds
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leo-token
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litecoin
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near
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sui
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aptos
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wrapped-eeth
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pepe
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bittensor
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internet-computer
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dai
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fetch-ai
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kaspa
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monero
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stellar
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ethereum-classic
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whitebit
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first-digital-usd
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ethena-usde
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blockstack
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polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.325206 6.90%
okb
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dogwifcoin
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immutable-x
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aave
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filecoin
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arbitrum
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optimism
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crypto-com-chain
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